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Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Synaptics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,008 Mil.
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. Synaptics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,008 Mil. Synaptics's Total Assets for the quarter that ended in Dec. 2023 was $2,573 Mil. Synaptics's LT-Debt-to-Total-Asset for the quarter that ended in Dec. 2023 was 0.39.
Synaptics's LT-Debt-to-Total-Asset increased from Dec. 2022 (0.37) to Dec. 2023 (0.39). It may suggest that Synaptics is progressively becoming more dependent on debt to grow their business.
The historical data trend for Synaptics's Long-Term Debt & Capital Lease Obligation can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Synaptics Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 468.30 | 601.20 | 418.40 | 1,027.20 | 1,014.40 |
Synaptics Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 1,019.20 | 1,016.90 | 1,014.40 | 1,010.50 | 1,008.40 |
Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.
Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.
The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.
A company's long term debt may have different dates of maturity and interest rates, depending on the terms.
Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.
Synaptics (NAS:SYNA) Long-Term Debt & Capital Lease Obligation Explanation
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Synaptics's LT-Debt-to-Total-Asset ratio for the quarter that ended in Dec. 2023 is calculated as:
LT-Debt-to-Total-Asset (Q: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 ) | / | Total Assets (Q: Dec. 2023 ) |
= | 1008.4 | / | 2573.3 | |
= | 0.39 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.
We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.
Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)
Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.
BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.
If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the companys earnings power is focused on paying off the debt and not growth.
Important: little or no long term debt often means a Good Long Term Bet
Thank you for viewing the detailed overview of Synaptics's Long-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Vikram Gupta | officer: See Remarks | 1109 MCKAY DRIVE, SAN JOSE CA 95131 |
John Mcfarland | officer: SVP and General Counsel | 1251 MCKAY DR., SAN JOSE CA 95131 |
Dean Warren Butler | officer: See Remarks | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Saleel Awsare | officer: See Remarks | C/O SIGMA DESIGN, INC., 47467 FREMONT BLVD., FREMONT CA 94538 |
Michael E. Hurlston | director, officer: See remarks below | 5300 CALIFORNIA AVENUE, IRVINE CA 92617 |
Kiva A. Allgood | director | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Vivie Lee | director | 126 SIERRA POINT ROAD, BRISBANE CA 94005 |
James L Whims | director | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Kermit Nolan | officer: See Remarks | 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Jeffrey D Buchanan | director | C/O SMITH & WESSON, 2100 ROOSEVELT AVENUE, SPRINGFIELD MA 01104 |
Patricia Lorraine Kummrow | director | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Craig Browning Stein | officer: Please see remarks | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Nelson C Chan | director | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Susan J Hardman | director | 1001 MURPHY RANCH ROAD, MILPITAS CA 95035 |
Richard L Sanquini | director | 14087 LOMA RIO DR, SARATOGA CA 95070 |
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